Question

. The simple interest on a sum of money for 2 years at 10% p.a. is 5000. Find thecompound interest on the same sum at the same rate for the same period when the interestis compounded annually.​

Answer 1

Step-by-step explanation:

THE INTEREST IS:

$\frac{principal \times time \times rate}{100}$

$\frac{5000 \times 2 \times 10}{100}$

=

$50 \times 2 \times 10$

=

$1000$

SO,1000 IS THE INTEREST

Answer 2

the the interest is=principal×time ×rate/100

=50×2×10

=1000

therefore, 1000 is the interest

please mark as brain list